from last week, saying BJP or no BJP, there will be fall on Monday. Bihar results may confirm the same. levels to watch are 7927 – 7789 as support. but its not one way. Tuesday we may witness pull back again.

Yesterday I was in a seminar organised by Northern India Regional Council of The Institute of Chartered Accountants of India, New Delhi. Subject : understanding capital market addressed by CA N.S. Nanda ji. he explained how we can be winner in stock market. After listening to him, I am so convinced ,if one uses / adopt all his techniques , can make handsome amount of MONEY in the market.

Following are the points explained by sh. Nanda sahab :-

1.have faith in yourself

2.have killing instinct

3.read life of terrorists

4.be professional and manage professionally

5.do not play in market for for the sake of fun or adventure.

6.play to make money. Explained :check your balance sheet, you may have lost all your money in just 15% trades where you forget to keep stop loss. Nandaji explained if you would have put stop loss of 8% in those trades where you lost all your capital , your balance sheet would be profitable. One loses in spite of winning in 85% trades.

7.pressed to keep stop losses. Asked not to carry losing positions. Better is to cry for once instead of many many nights.

8.told a story , a person visited a psychiatristand told that for the last many months , he is trying to open a door. trying harder and harder but failed every time. Psychiatrist advised him to concentrate on that door for some time before opening trying to open it. Next day , person visited to psychiatrist with enthuses energy , happiness shouting I managed to open the door. When I concentrated on door before trying to open the door, found a small massage : PUSH and I was pulling the door harder and harder. …………………………………………… market has also only to trends : up or down.

10.financial discipline. (without discipline no tool or understanding has value)

11.be in game ,irrespective of losing or winning. Batsman can score only if he is on batting crease . once if whole capital is lost……… no one will allow us to trade. Keep stop losses , not more than 8% in one tarde.

12.do your home work. You are going to play with keenest minds of the world. Prepare and learn than believe in yourself and do not forget you goal : not to lose.

25.India has best family system due to wives.

26.individual fail but not the system. In arbitrage business there is a rule that sauda on one leg will not stand for more than 30 sec. Wither there is loss or profit. Hence it’s a profitable business. He quoted example of many players who make lacs of rupees in a day , not only that but on daily basis. Develop system before entering in to trade .

27.balance outlook of mind : practice YOGA & MEDITATION.

28.Pray to God. ( most important )

CA Nandaji is well known personality , doesn’t need any introduction . best thing about him is : he is most successful teacher and at the same time down to earth person. Dear Nandaji , we all pray that you achieve new heights in your life.

Niftywatch:-

On aug.31st it was written : one can consider buying banking stocks at decline: boi, andhra bank, j&k bank, pnb and jindal saw, zee. I am glad that most of investors are benifted out of it.When ever market corrects , banking stocks are good to invest in. new RBI governor, new hopes and reforms in banking sector will boost the sentiments in coming months. Buy only at corrections.

U.S. stocks, dropped for a third day, led by technology and raw-materials companies, after Corning Inc.’s reduced its earnings estimates and oil and metals fell. “It’s very hard to judge how the stock market is anticipating or discounting the difficult economic times that very, very clearly lie ahead,” John Bogle, founder of Valley Forge, Pennsylvania-based Vanguard Group Inc., the second- biggest U.S. manager of stock and bond mutual funds, told Bloomberg Television.

China’s yuan, South Korea’s won and India’s rupee will decline as economic slowdowns in those countries prompt banks and corporations to unwind up to three years worth of cheap dollar and yen loans, says ABN Amro Bank NV. “Conventional wisdom has been that the yuan can only rise,” the note read. “Banks and businesses in China have heavily borrowed in the dollar to benefit from yuan appreciation and low U.S. rates. The logic of these deals is probably being questioned now.” “A small nudge from fundamentals and we could find a need to rapidly unwind these positions,” Gibbs wrote. “That nudge is coming with evidence of growth slowing in China.”Source : Bloomberg.com

MARKET WILL CRASH HEAVILY (?) : –

I received a sms ( not subscribed ) on aug.27th 2008, 09:42:28. it says

Alert – important astrological event between 30th aug. to sep.10th can cause large swing. 80% times it caused sharp decline(LIKE JAN.08), BETTER BE SAFE,no investment.” And surprisingly market jumped the way never before.

And on sep.02nd 2008, same time morning received a sms (from another astrologer) saying stars are favouring bulls . start buying clearing will be 4800 (nifty) plus.

And 3rd astrologer predicted on manday (1st ) market will be down , on 2nd and 3rd market will be up and on Thursday and Friday market will be down.

Many astrologers are active in stock market. Trying to tame stock market. My request is to all astrologers- do your proper home work . stars are same for all astrologers , how 3 different predictions from 3 astrologers .

Journey started @3834/- (advised to buy at that level with target of 4556,) has achieved its upward targets . now support can be considered @ 4298 or 3810 with target of 4650

DISCLAIMER :- We can’t dictate the market. Its an observation only. May , may not hold good. Much depend on govt. policies ,economic & political scenario. Its more of an informatics’ article only. Presenter /writer is not liable or responsible for any personal or financial losses or profits.